Midwest
Archway Holdings Buys $29M Nashville Portfolio
The seller, Belew Rentals, had purchased the multifamily assets encompassing more than 360 units between 2012 and 2013, for a combined $4.2 million.
Electra America Enters Nashville Market
The investor has completed its first acquisition in the metro with the purchase of Lyric on Bell, a 336-unit Class B community.
TriBridge, Stockbridge Sell Nashville-Area Community
Olen Properties paid more than $57 million for the 254-unit Class A asset, which last changed hands in 2014 for $42.2 million.
Indianapolis Community Lands Refinancing
The Embassy Group, the owner of the 163-unit Class C community, acquired Oak Park from Morgan Properties in August 2015.
Kansas City Poised for More Growth
Solid job gains draw a consistent number of young professionals looking for well-positioned rental units in the metro.
Industry Experts Debate Chicago’s Multifamily Future
Real estate professionals gathered last week to discuss the Windy City’s biggest real estate challenges and opportunities during the Lincoln Park Builders of Chicago’s annual Real Estate Forum.
JAE Property Group Buys Indy Community
The company purchased a 89-unit garden-style community from Barratt Asset Management, which had acquired the property in 2016 for $1.8 million.
Monarch Purchases Community in East Columbus
Ardsley Ridge Townhomes & Apartments—completed in phases in 1960, 1974 and 1978—consists of 238 units spread across 24 buildings.
Draper and Kramer Acquires Chicago Luxury Apartments
CBRE facilitated the sale of the 180-unit rental property that was sold as part of a 1031 exchange. The new ownership assumed management of the community.
Nonprofit Purchases Affordable Community in Ohio
Bridlewood Village encompasses 70 fully affordable units in the southern area of Columbus. The 1980-built community spreads across 13 buildings.